The Arkansas Natural Resources Commission has announced approval of three loans in Ashley County. One is to the city of Crossett and two will go to the city of Portland.

The Crossett loan will be up to $7,000,000 from the Arkansas Clean Water State Revolving Fund, according to Commission Chairman Sloan Hampton.

The repayment schedule will not exceed thirty (30) years or the life of the project. The executive director will establish the rate of interest and additional loan terms and conditions including the requirement to establish and maintain a depreciation reserve fund.

“The funds will be used to make improvements to the East Crossett Sewer Collection System,” said Mark Bennett, ANRC Water Development Division Manager.

One city of Portland grant will be up to $98,880 from Arkansas Water Development Fund, Hampton added. That project, located to the east of town along Highway 160, involves the construction of 11,910’ of 6” PVC water line and appurtenances to provide wholesale water to the Chicot Junction Water System. These funds will be used for the portion that USDA RD is unable to provide as additional grant funding that USDA RD feels the applicant is unable to take as additional debt.

“In addition, this project is to provide water to Chicot Junction, which is also unable to absorb additional debt associated with loan funds,” said Bennett.

Another amount up to $1,545,000 from the Arkansas Water, Waste Disposal and Pollution Abatement Facilities General Obligation Bond Fund will go to the city of Portland.

The repayment schedule will not exceed thirty (30) years or the life of the project. The executive director will again establish the rate of interest and additional loan terms and conditions including the requirement to establish and maintain a depreciation reserve fund.

“The funds will be used to replace the existing mechanical sewage treatment plant with a 3-cell oxidation pond plant,” said Bennett.

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